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Best way to prepare for buying a home in 2023

One of the top questions I’m getting right now is: should I still buy a home with today’s higher mortgage rates? While each person’s finances and budget are gonna be different, there is something you can do to plan ahead, and that’s getting pre-approved for a mortgage.

Here’s a look at just a few of the benefits of pre-approval. For starters, pre-approval from a loan officer helps you understand how much you can borrow for your home loan. Knowing this makes it easier to determine your target budget and price point. Not to mention, when you put in an offer on a house, a pre-approval letter shows the sellers you’re serious, you’re qualified, and you’re ready to make a move.

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If you have questions about buying a home today or about the home-buying process in general, I can help. Let’s connect.

Corey Murphy

Murphy Real Estate Team